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Export documentary credit

Guarantee your sales and facilitate their financing

The documentary credit allows the vendor access to an assurance of payment prior to the dispatch of the goods, and, even prior to the start of their manufacture. In turn, the buyer will have the security that his payment obligation will only be realised when the vendor has presented sufficient accrediting documentation regarding the dispatch of the desired goods. The credit is, therefore, a guarantee for both parties.

Solutions

What are your needs?

Assure receipt of payment of your exports, before sending the goods and even before starting their manufacture

Offer your buyer deferred payment without any increase in your risk

Ensure access to maximum legal protection

Adapt the payment method to the sale agreement

Maintain control of the documents until the time of payment

Increase your business possibilities

Reduce the risk of order cancellations

Ensure risk coverage for the destination country of your exports

Advance collection of payment, with respect to the term agreed with the buyer

How can we help you?

Immediate notification of the reception of credits received in your favour

User-friendly, personalised and professional management of your credits

Confirmation of the credit, which implies our commitment to pay in addition to that of the issuing bank

Immediate revision of the documents

Payment or immediate financing, according to the characteristics of the credit. In the case of confirmed credits with deferred payment, we offer you their
immediate collection

Adhesion to the “Uniform Customs and Practice Relating to Documentary Credits (UCP600)” of the International Chamber of Commerce providing a universal, stable and secure reference framework for the processing of your documentary credits.

Furthermore:

If you are an intermediary or act as a buying centraliser from different suppliers, you may be interested in credits in your favour ordered by your clients being transferable. The receipt of a transferable credit will allow you to transfer to your supplier(s) the guarantee of the issuing bank, without the need to set up a credit line
more information...

Why with
Banco Sabadell
?

We are the leading bank in managing documentary credits for export

Immediate advice of receipt of the documentary credit in your favour

Our guidance will allow you to ensure maximum legal and collection security

Our
remittance letter form
will facilitate the presentation of documents for the use of a documentary credit at your office.

Possibility of immediate collection of the uses of confirmed credits with deferred payment through
BS Forfaiting UCP

Uniform Customs and Practice Relating to Documentary Credits: :
Here
you will find a summary of the rules of the International Chamber of Commerce for Documentary Credits currently valid (UCP600).And via this
link
you can see a summary of the standard international banking practices for documentary credit.

An important percentage of the documents presented in the uses of documentary credits are rejected at first presentation because they present discrepancies. Said discrepancies are inevitable if the conditions are revised carefully upon reception of the credit. Check that the documentary credit that you have received from your client is in line with your agreement and with the terms and conditions of the agreement of sale using
this simple utility
.